Michael Schumacher’s 1992 Benetton-Ford Formula 1 Race Car For Sale

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This weekend’s Melbourne GP kicks off the 2012 Formula 1 season. After the third session of qualifying, Michael Schumacher displayed a return to form, qualifying 4th, well ahead of his teammate for Mercedes GP Nico Rosberg. Unfortunately, Schumacher’s Mercedes lost power out of turn 1 of the tenth lap, forcing an early retirement on an… Continue Reading...

Ducati Motorcycles Could be Up For Sale

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Ducati, the famous Italian motorcycle brand could be up for sale. There seems to be significant interest in the motorcycle maker from both American and European buyers. Investindustrial SpA, the Milan-based private-equity firm that owns Ducati, seems to be looking for an IPO (initial public offering), or to sell it entirely. The sale could fetch… Continue Reading...

1964 Ferrari 250 GTO Sold For $31.8 Million

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Many enthusiasts agree that of all Ferraris, the 1964 Ferrari 250 GTO road racer eclipses the rest. With less than 40 examples ever made, classic car collectors agree: this ranks among the most desirable. Last week, Top Gear revealed that a private treaty sale happened for Ferrari 250 GTO serial number 5095. It sold for £20.2… Continue Reading...

GM Considering Selling Opel Again, This Time To Volkswagen

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The ghost of Saturn just can’t cut a break. GM is considering what to do with Opel, its German division that won’t be turning a profit anytime soon. GM last tried to sell Opel in 2009 before giving the ailing brand another chance. But despite increasing its lineup with new vehicles, and even increased sales,… Continue Reading...

Saab Chinese Funding Deal Means Spyker Gets Name Change

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As part of Spyker’s capital-raising efforts for its ailing Saab brand, the Dutch automaker is entering into talks with Chinese automotive company Pang Da, and will have to rename itself as Swedish Automobile N.V. as part of the deal. In return, Saab will get a $42 million cash payment, ostensibly to help pay Saab’s substantial… Continue Reading...
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